patelsa

AUDNZD - For those who missed the initial impulse

Short
FX:AUDNZD   Australian Dollar / New Zealand Dollar
16
AUDNZD had a rather quick impulse down today. It looks like price is currently consolidating this move. There could be an opportunity to enter short again.

Watch for divergence on a lower timeframe around the 38.2/50 fib level. Or you could enter on the break of the consolidated candles.

TP - 27 fib, which more-or-less lines up with the bottom of the channel

Minimise risk, protect your profit, most importantly - trust your strategy. Good luck traders :-)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.